PepsiCo Reserves 100 Tesla Semi Trucks

PepsiCo Reserves 100 Tesla Semi Trucks

On Tuesday, a company executive for PepsiCo (NYSE:PEP) announced that the Purchase, New York-based company has reserved 100 Tesla (NASDAQ:TSLA) Semi trucks, which makes this the largest-known order of the new electric truck.

According to the executive, PepsiCo is hopping on the Tesla train as they are hoping to reduce fuel costs and fleet emissions by using the Tesla Semi to make deliveries. In fact, PepsiCo is reportedly aiming to send out Tesla Semis for shipments of both beverages – Pepsi makes everything from Mountain Dew pop to Doritos chips – and snack foods between manufacturing and distribution facilities. Further, PepsiCo will deploy the electric trucks to retailers that are located within the 500-mile range promised by CEO Elon Musk.

Mike O’Connell, senior director of North American supply chain for Frito-Lay, which is Pepsi’s subsidiary, said that using the Tesla Semi trucks is all apart of its corporate plan to cut greenhouse gas emissions across its supply chain by a total of roughly 20% by the year 2030.

O’Connell added that PepsiCo is currently looking at what routes are the best options for the Tesla Semi to take in North America.

For those who don’t know, Elon Musk revealed the Tesla Semi in November and the company forecasts the truck will be in production by 2019.

Featured Image: twitter


About the author: Caroline Harris is a third-year student at Capilano University in North Vancouver, Canada. Having already completed an Associates Degree in Psychology, Caroline is now finishing her Bachelor's degree in Communications. In preparation for working in the advertisement sector, Caroline is writing financial content and analysis. On a daily basis, Caroline works on articles regarding the following topics: finance, cryptocurrency, technology, and politics.